Full Press Release Details
RESCISSION AND RELEASE AGREEMENT
MUTUAL RECISION AND RELEASE AGREEMENT ( Rescission') is made and entered into this Nov. 10, 2017 (the Effective Date')
by and between Nutriband Inc. a Nevada Corporation with an address at 309 Celtic Ct., Oviedo, FL and Edgemark Innovation with
an address at 1100 S. San Pedro Street, Los Angeles, CA 90015 (collectively, the Parties').
the parties entered into an acquisition agreement on Oct. 5, 2017 ( Original Contract') for 100% of the outstanding
shares in Edgemark Innovation for 1,000,000 common shares of Nutriband Inc.
the parties acknowledged that the structure of the deal could not be achieved to certain expectations for both parties and a rescission
and re-structure of the partnership between Nutriband Inc. and Edgemark Innovation was mutually beneficial.
the original agreement will now be Rescinded and the agreement going forward will be in respect of a mutual sales representative
structure. Nutriband will be an official distributor of puRA and Edgemark will be an official distributor of Nutriband.
the Parties to the Original Contract and to the Rescission hereby mutually agree to rescind the Original Contract there by returning
the Parties to their respective shareholding positions before the Original Contract's date.
THEREFORE, for the reasons set forth above, and in consideration of the mutual covenants of the Parties hereto, the Parties agree
| IN WITNESS WHEREOF, | ||
| NUTRIBAND INC | EDGEMARK INNOVATION INC. | |
| Nov 9, 2017 | Nov 9, 2017 |